I'm new to the tech industry and was wondering how RSU's factor into loan qualification.
RSU's particularly at more established companies are essentially cash. They may change with the stock price but that variance is often not that large. Ex think Microsoft. When companies offer you comp they often add the RSU estimated value and consider it your take home pay package.
I also notice that many companies make a good percentage of compensation RSU based. How do loan qualifications / ability to pay calculations factor that in?
Examples which are probably each different (I'm curious about all of the above): Credit card income questions, mortgage qualifications, auto or personal loans etc?
I understand cash and previous years bonuses are considered your income but what about RSU's? Stock options aren't considered income (I believe) right? Is there a significant different between taking salary vs RSU shares of similar value?
Does it differ between companies ex a local credit union vs. Wells Fargo?